Avaya Holdings Corp AVYA:NYSE

Last Price$14.04Cboe Real-Time Last Sale as of 2:33PM ET 8/23/19
Cboe Real-Time Quotes
Realtime quote and/or trade prices are not sourced from all markets
Today's Change-0.04(0.28%)
Bid (Size)$14.03 (300)
Ask (Size)$14.05 (300)
Day Low / High$13.82 - 14.15
Volume888.3 K

Market Chatter: Avaya in Advanced Stages of Leveraged Buyout Deal, Chooses JPMorgan to Manage Auction

3:18PM ET 4/17/2019 MT Newswires
The potential leveraged buyout of communications giant Avaya (AVYA) has entered the advanced stages, Street Insider reported Wednesday, citing sources.

Final bids are reportedly due in early May.

According to the sources, JPMorgan (JPM) has been chosen to manage the auction and the company has received takeover interest from at least five bidders, in a "very active" process.

Avaya was reported in late March to be considering a leveraged buyout offer from a private equity firm that values the telecommunications equipment and software vendor at more than $20 per share or more than $5 billion, including debt.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 18.85, Change: +0.25, Percent Change: +1.34